JAKARTA. The total incoming bids recorded in the auction of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or state sukuk last Tuesday (13/8) reached IDR 17.97 trillion, as officially stated by the Directorate-General of Budget Financing and Risk Management of the Ministry of Finance.

The cumulative incoming bids in the most recent auction is 27.4% lower than the number recorded at previous state sukuk auction held on July 30, 2024. In said auction, total incoming bids managed to reach IDR 24.69 trillion.

Meanwhile, total awarded amount won by the government in last Tuesday’s auction reportedly reached IDR 8 trillion.

According to IDNFinancials data, the Indonesian government has conducted 4 rounds of state sukuk auction since July 2024. Throughout this period, total incoming bids were recorded at IDR 88.36 trillion, with cumulative awarded amount hitting IDR 33.18 trillion.

It is worth mentioning that there are 7 series of state sukuk offered by the government in last Tuesday’s round of auction. They consisted of 2 series of SPNS and 5 series of PBS. All those series were issued in order to fulfil some of the financing target set in 2024 State Budget. (KR/ZH)